Bank develops NFC suit that lets customers pay by swiping a sleeve

Thursday 24 April 2014 09:29 CET | News

Australian financial institution Heritage Bank has unveiled prototypes of a suit that comes with an embedded NFC chip and antenna to enable its wearer to make NFC payments at contactless POS terminals by swiping their sleeve.

Tailored in Japan by menswear label MJ Bale, the NFC chip in the Heritage Power Suit holds a Visa Paywave prepaid account that the wearer can top up on-the-go via the Heritage mobile banking service.

Heritage and MJ Bale have produced twelve NFC Power Suits as a trial run designed to test and show off the concept. Eleven of the prototypes have been released to customers around the country while the twelfth is being auctioned for charity on eBay.

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Keywords: NFC, suit, sleeve, chip, antenna, payments , contactless, POS, MJ Bale, Heritage Power Suit, Visa, payWave, prepaid, account, mobile banking
Categories: Payments & Commerce
Countries: World
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